Perhaps partly because of that, Paulson is a big seller of the
IPO of Delphi automotive — 80% of the shares being sold for
Delphi belong to Paulson, according to Bloomberg TV. The shares
are currently being sold at around $22 to $24 for each, and
Paulson could make $580 million from the sell.

(Refresher: Delphi filed for bankruptcy protection in 2005, and
have restructured pretty successfully. But since this is a
secondary offering, the money from the IPO goes to shareholders
that sell, like Paulson)